Mobile Home Park Details
- Purchase Method: Cash
- Cap Rate: 13.0%
- Listing ID: 655895
- Posted On: Apr 14, 2016
- Updated On: Jul 12, 2017
Description
Park consist of 15 old single and doublewide units that sat on 6-7 parcels each consisting of 1/2 to 1 acre lots holding one to 2 units. The park is on septic and well water which both work just fine. The rents are $110-$115 a week. The park has window AC and electric space heaters for winter. The net last year was in the $25k net. He is asking $199k cash but wants offers from folks that can close.
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Park Information
Community Type: | All Age |
Number of MH Lots: | 15 |
Total Occupancy: | 90.0 % |
Year Built: | 1970 |
Size: | 11 acre(s) |
Financial Information (Actual)
Net Operating Income: | $25 |
Debt Info: | none |
Lot Information
Singlewide Lots: | 9 |
Doublewide Lots: | 6 |
Utility Information
Water: | Well |
Water Paid By: | Park |
Sewer: | Septic |
Park-Owned Homes
Number of Park-owned Homes: | 15 |
Average Rent for Park-owned Homes: | $440 |